Amoeba Manufacturing,Inc.provided the following information for the year:

The inventory account balances as of January 1 are given below.

What is the ending balance in the Raw Materials Inventory account?
A)$134,000
B)$6,000
C)$110,740
D)$23,260

Question

Amoeba Manufacturing,Inc.provided the following information for the year:

The inventory account balances as of January 1 are given below.

What is the ending balance in the Raw Materials Inventory account?
A)$134,000 
B)$6,000 
C)$110,740 
D)$23,260

Quizplus · Accepted Answer

D)Beginning Raw Materials Inventory + Purchases Raw Materials - Direct Materials Used in Production - Indirect Materials = Ending Raw Materials Inventory
$44,000 + $90,000 - $99,000 - $11,740 = $23,260

Amoeba Manufacturing,Inc.provided the Following Information for the Year